restriction on assignment definition

restriction on assignment means a covenant, condition, agreement or other term contained or implied in a tenancy prohibiting or restricting the tenant from —
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restriction on assignment. This Lease shall not be assigned, transferred, or any portion of the demised premises sublet, without the written consent of Lessor first had and obtained. However, in connection with Lessee's usual business operation, Lessee shall have the right to arrange for the establishment of any display or operation on said demised premises, on a commission basis, so long as Lessee exercises control thereover and remains fully responsible to Lessor herein. If any portion of the premises is subleased out on a commission basis, three (3%) percent of the gross sales from the subleased operation shall be included as a part of the rentals due Lessor (not three (3%) per cent of the subleased rentals paid by sublessee to the Lessee).
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Related to restriction on assignment

  • Restriction of Use means, in respect of any day, any difference from the normal capability of all or any part of the Routes (where the normal capability of the Routes is expressed in the Applicable Timetable Planning Rules relevant to that day notified to each Timetable Participant on or before D-26) which results in:

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • Verification on oath or affirmation means a declaration, made by an individual on oath or affirmation before a notarial officer, that a statement in a record is true.

  • Transfer Provisions means the provisions of Section ▇▇-▇▇-▇▇▇ of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.